Orrstown EVP granted restricted stock, RSUs
Orrstown Financial Services EVP Joshua D. Hocker received new equity awards in the form of restricted stock and restricted stock units.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
Orrstown Financial Services EVP Joshua D. Hocker received new equity awards in the form of restricted stock and restricted stock units. On the award date, he acquired 1,385 shares of restricted common stock at no cash cost, with various vesting dates over the next three years.
He also received 1,384 restricted stock units that vest three years after the grant date based on pre-established company performance criteria. Following these awards, his directly held common stock position reported in the filing was 3,065 shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Orrstown Financial Services, Inc. Common, Restricted Stock | 1,385 | $0.00 | $0.00 |
| Grant/Award | Orrstown Financial Services, Inc., Common, Rest. Stock. Unt. | 1,384 | $0.00 | $0.00 |
| holding | Orrstown Financial Services, Inc, Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Restricted stock with various vesting dates over the next 3 years.
- F2. Restricted stock units vesting three years after the date of the award based on pre-established company performance criteria.
FAQ
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What did ORRF executive Joshua D. Hocker report in this Form 4?
What are the terms of Joshua D. Hocker’s restricted stock units at ORRF?
AI-generated analysis. How Rhea-AI works. Not financial advice.